On the National Commodity and Derivatives Exchange, mustard seed contracts for delivery in April fell from Rs 16, or 0.39 percent, to Rs 4,055 per quintal in turnover of 16,120 lots.
The mustard seed delivery contracts for delivery in May fell by 19 rupees, or 0.47%, to 4,068 rupees per quintal in turnover of 5,620 lots.
The market said that the unloading of positions by participants following a weak trend in the cash market had mainly led to lower prices for mustard seeds.
On Friday, the price of soybeans fell 0.11 to Rs 3.744 per quintal on the futures market, participants having reduced their positions on a weak spot demand.
On the National Commodity and Derivatives Exchange, the soybeans to be delivered in April fell by Rs 4, or 0.11%, to Rs 3,744 per quintal with an open interest of 116,815 lots.
Soybeans for delivery in May also fell by 10 rupees, or 0.27%, to 3,740 rupees per quintal with an open interest of 62,265 lots.
The decline in soybean prices in futures trading is mainly due to the reduction in participants’ exposure, traders said.
Refined soybean oil
Prices for refined soybean oil fell 0.20% to 798.4 rupees per 10 kg in futures trading on Friday as speculators reduced their holdings amid moderate demand in the spot market .
On the National Commodity and Derivatives Exchange, refined soybean oil to be delivered in March decreased by Rs 1.6, or 0.20%, to Rs 798.4 per 10 kg in 23,315 batches.
Refined soybean oil contracts for April fell from Rs 5.6, or 0.71 percent, to Rs 782 per 10 kg in 29,535 lots.
Market analysts said that the reduction in participants’ positions relative to large stocks had mainly influenced the prices of refined soybean oil.
Friday, the prices of guar gum fell from Rs 115 to Rs 6,264 for five quintals on the futures market, traders having reduced their holdings in accordance with the weak trend of the spot market.
On the National Commodity and Derivatives Exchange, guar gum for delivery in March fell from Rs 115, or 1.8%, to Rs 6.264 for five quintals in 11,045 lots.
Guar gum for delivery in April was reduced from 114 rupees, or 1.77%, to 6,341 rupees for five quintals in 46,565 lots.
The market said that the reduction in participants’ positions in a context of weak demand had mainly resulted in lower prices for guar gum here.
On Friday, guar seed prices fell by 20 rupees to reach 3,806 rupees for 10 quintals in futures trading, with participants reducing their holdings in line with weak spot demand.
Traders attributed the downward trend in guar seed prices to increased supplies from growing regions.
On the National Commodity and Derivatives Exchange, guar seed contracts for delivery in March fell from Rs 20, or 0.52%, to Rs 3.806 for 10 quintals with an open interest of 28 785 lots.
Similarly, the guar seed contracts for delivery in April paid Rs 30, or 0.79%, to Rs 3,790 for 10 quintals with an open interest of 61,815 lots.
Cottonseed oil cake
On Friday, prices for cottonseed meal increased from 59 rupees to 1,866 rupees per quintal in futures trading, as speculators created new positions driven by firm spot demand.
On the National Commodity and Derivatives Exchange, the cottonseed meal to be delivered in March traded from Rs 59, or 3.27%, to Rs 1.866 per quintal with an open interest of 44,520 lots.
Likewise for delivery in April, cottonseed meal gained 53 rupees, or 2.9 percent, to 1,883 rupees per quintal with an open interest of 57,500 lots.
Traders said that the increased positions of participants amid growing demand from feed manufacturers had mainly influenced prices for cottonseed meal.
Friday, coriander prices rose from Rs 18 to Rs 6,276 per quintal in futures trading on positive demand in the spot market.
On the National Commodity and Derivatives Exchange, coriander for delivery in April jumped from Rs 18, or 0.29%, to Rs 6.276 per quintal with an open interest of 6.400 lots.
Likewise, the spice for May delivery traded higher from Rs 109, or 1.77 percent, to Rs 6.275 per quintal in 1,670 lots.
A strong spot market trend and limited supplies from producing regions have pushed coriander prices up, according to market analysts.